Lawton, Pennsylvania Property Taxes
The median property tax rate in Lawton, PA is 3.07%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Lawton at $57,118, the typical annual property tax bill reaches $1,722, still below the national median of $2,690. Property taxes in Lawton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lawton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Lawton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lawton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.07%
Estimate Property Tax Bill
$1,754
Ownwell’s Lawton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lawton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lawton to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Lawton, Pennsylvania
Property taxes in Lawton, Pennsylvania, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Lawton is 3.07%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Lawton set these rates annually, and they can vary across different neighborhoods. Each year, Lawton estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Lawton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18828 has the highest median property tax rate of 3.07%, while the same zip code also has the lowest median tax rate of 3.07%. Understanding how these areas compare with Lawton provides valuable insights into the varying tax landscape across Bradford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lawton Tax Rate
3.07%
Average Bradford County Tax Rate
3.22%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lawton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18828 | 2.87% | 2.94% | 3.07% | 3.19% | 3.27% |
Source: Ownwell
Property Tax Assessment Values Across Lawton, Pennsylvania
In Lawton, Pennsylvania, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Bradford County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Lawton, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The highest median tax bill in Lawton is $1,722 in zip code 18828, while the lowest median tax bill is also $1,722 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lawton Assessed Value
$57,118
Average Bradford County Assessed Value
$61,590
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lawton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18828 | $47,420 | $51,057 | $57,118 | $63,179 | $66,816 |
Source: Ownwell
Property Tax Bills Across Lawton, Pennsylvania
In Lawton, Bradford County, PA, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The local tax rate is then applied to this assessed value to determine the tax bill. For example, with a median home price of $57,118, homeowners can expect their tax bills to vary. Typically, tax bills in this area range from $1,607 at the 25th percentile to $1,837 at the 75th percentile, with some reaching up to $1,906 at the 90th percentile. These tax rates are influenced by local government budgets, school district funding requirements, and other municipal needs. Homeowners in Lawton might see their property tax bills fluctuate based on changes in these factors. Compared to the national median property tax rate of 0.99%, the property tax rates in Lawton can seem relatively high, impacting the overall cost of homeownership and potentially influencing decisions to buy or sell property in the area.
Average Lawton Tax Bill
$1,722
Average Bradford County Tax Bill
$1,935
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Lawton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18828 | $1,537 | $1,607 | $1,722 | $1,837 | $1,906 |
Source: Ownwell